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      03-21-2019, 08:17 AM   #87
RickFLM4
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Quote:
Originally Posted by Run Silent View Post
You need a better accountant. My company (C-Corp) earned a bottom line net income every quarter and we received a tax benefit (negative tax - owed less than zero) every quarter.

I cannot reveal Q4 numbers yet, but here are the Q1-Q3 numbers (in 000's):

Q1:
Revenue: 482,332
Net Income: 56,941
Tax (expense)/Benefit: 16,995

Q2:
Revenue: 528,918
Net Income: 74,642
Tax (expense)/Benefit: 10,765

Q1:
Revenue: 447,871
Net Income: 11,894
Tax (expense)/Benefit: 19,544
Does company have net loss carryforwards, FTCs or some other special tax credit?
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